American Electric Power (NASDAQ:AEP) Price Target Lowered to $135.00 at Morgan Stanley

American Electric Power (NASDAQ:AEP) had its target price decreased by investment analysts at Morgan Stanley from $139.00 to $135.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 8.73% from the stock’s current price.

Several other equities analysts have also commented on AEP. Jefferies Financial Group upped their price objective on shares of American Electric Power from $147.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. BMO Capital Markets dropped their target price on shares of American Electric Power from $141.00 to $139.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Wall Street Zen lowered American Electric Power from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Wells Fargo & Company upped their price target on American Electric Power from $144.00 to $148.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Mizuho lowered their price target on American Electric Power from $141.00 to $135.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, American Electric Power currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.19.

American Electric Power Trading Down 1.2%

AEP traded down $1.54 on Friday, hitting $124.16. The company had a trading volume of 957,969 shares, compared to its average volume of 4,012,119. The company’s fifty day moving average price is $131.18 and its 200 day moving average price is $130.55. American Electric Power has a 1 year low of $105.70 and a 1 year high of $140.58. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The firm has a market cap of $67.59 billion, a P/E ratio of 21.30, a PEG ratio of 2.26 and a beta of 0.52.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%.The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the business earned $1.43 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts expect that American Electric Power will post 6.37 earnings per share for the current year.

Institutional Investors Weigh In On American Electric Power

Several large investors have recently added to or reduced their stakes in the business. Activest Wealth Management grew its stake in shares of American Electric Power by 72.2% in the fourth quarter. Activest Wealth Management now owns 217 shares of the company’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. Rakuten Securities Inc. grew its stake in American Electric Power by 7,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 222 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. Costello Asset Management INC increased its holdings in American Electric Power by 100.0% during the 1st quarter. Costello Asset Management INC now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Legacy Wealth Managment LLC ID increased its holdings in American Electric Power by 200.0% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 231 shares of the company’s stock worth $27,000 after purchasing an additional 154 shares during the period. Finally, Basepoint Wealth LLC acquired a new stake in American Electric Power in the 4th quarter valued at about $27,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American Electric Power Company Profile

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.